29 October 2012

Nigeria: Geregu - NCP Approves Amperion As Core Investor

The National Council on Privatisation (NCP) at the close of its meeting Monday approved that Amperion Power Distribution Company Limited with a bid of USD$132,000,000 is the preferred bidder for the core investor sale of 51% shares of Geregu Power Plc;

The sixth meeting NCP presided over by Vice President Muhammad Namadi Sambo also approved that Mainstream Energy Solutions Limited, as the preferred bidder for the concession of Kainji Hydro Power Plc;following its offer of an annual fee of USD$50,760,665.18 and a commencement fee of USD$257,000,000.

NCP approved that North-South Power Ltd which offered an annual fee of USD$23,602,484.87 and a commencement fee of USD$111,654,534 is the preferred bidder for the concession of Shiroro Hydro Power Plc;

Copyright © 2012 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.